Auto Chart PatternsAuto Chart Patterns automatically scans the chart for major technical patterns and marks them directly on price action. It detects:
• Head & Shoulders (bearish reversal)
• Inverse Head & Shoulders (bullish reversal)
• Rising and Falling Wedges
• Double / Triple Tops and Bottoms
• Cup & Handle (bullish continuation)
For each pattern, the script draws the structure (trendlines / neckline), shades the pattern zone, and places a label with the pattern name.
It also generates optional trade signals:
• “BUY” when a bullish pattern breaks out with confirmation
• “SELL” when a bearish pattern breaks down with confirmation
Confirmations can include:
• Follow-through candle in the breakout direction
• Volume spike vs recent average
• RSI momentum agreement
Inputs let you control:
• Pivot sensitivity (left/right bars)
• Pattern types to display
• Cup & Handle depth rules
• Confirmation rules for entry/exit signals
This tool is designed to help you visually spot reversal and continuation setups, highlight potential breakout levels (necklines / wedge boundaries), and time trades with clearer confirmation instead of guessing.
Disclaimer: This script is for educational/technical analysis purposes only. It does not guarantee future performance, does not execute trades, and is not financial advice. Always confirm signals with your own analysis and risk management before entering any position.
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